Donald Trump has filed a $5 billion lawsuit against JPMorgan Chase and its CEO Jamie Dimon, accusing the bank of politically motivated debanking.
According to the filing, JPMorgan allegedly closed multiple accounts linked to Trump and his businesses after January 6, 2021, ending a relationship that spanned decades and involved hundreds of millions of dollars in transactions.
The lawsuit argues the decision had nothing to do with financial risk or regulatory compliance, claiming instead it was driven by political pressure and ideological bias.
Trump further alleges that JPMorgan placed him and his companies on an internal financial “blacklist,” which made it significantly more difficult for him to access services from other banks.
The case has been filed in Florida state court, with Trump seeking substantial damages and a jury trial.
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